Canadian Pacific Kansas City Limited (NYSE:CP) Stock Holdings Lifted by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 5,799.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 172,787 shares of the transportation company's stock after acquiring an additional 169,858 shares during the quarter. GAMMA Investing LLC's holdings in Canadian Pacific Kansas City were worth $12,131,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in Canadian Pacific Kansas City by 446.7% in the first quarter. Versant Capital Management Inc now owns 3,794 shares of the transportation company's stock valued at $266,000 after buying an additional 3,100 shares during the last quarter. Legacy Wealth Management LLC MS acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $686,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Canadian Pacific Kansas City by 26.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,578 shares of the transportation company's stock worth $111,000 after acquiring an additional 329 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Canadian Pacific Kansas City by 25.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 104,490 shares of the transportation company's stock valued at $7,562,000 after acquiring an additional 21,119 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC raised its position in shares of Canadian Pacific Kansas City by 1.7% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 216,998 shares of the transportation company's stock valued at $15,704,000 after acquiring an additional 3,589 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, May 1st. Royal Bank of Canada reduced their price target on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Stifel Nicolaus lowered their target price on Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating for the company in a report on Monday, April 14th. Susquehanna increased their price objective on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a "positive" rating in a report on Thursday, May 1st. Finally, The Goldman Sachs Group restated a "neutral" rating and issued a $91.00 price target on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $90.66.

Canadian Pacific Kansas City Price Performance

Shares of CP stock traded down $0.43 during mid-day trading on Tuesday, hitting $81.23. 3,869,095 shares of the stock traded hands, compared to its average volume of 2,799,182. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $87.72. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The company's 50-day simple moving average is $76.26 and its 200-day simple moving average is $75.70. The firm has a market cap of $75.58 billion, a price-to-earnings ratio of 28.01, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the firm posted $0.93 EPS. The business's revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be given a $0.1644 dividend. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.66 annualized dividend and a yield of 0.81%. Canadian Pacific Kansas City's payout ratio is 22.30%.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.